Estate Administration Process: A Practitioner's Guide


Jul 30,2024

PRESENTER(s): Klaralee R. Charlton

1:00 PM ET | 12:00 PM CT | 10:00 AM PT | 120 Minutes
  • Webinar Instruction will be emailed on your registered email address 3 days prior to webinar
  •  | 
  • Web Download / e-Transcript will be shared in 7 working days from the date of webinar

This program has been approved NASBA & IRS CPE Credit 2(Taxes)

Learn what to expect when you or a client loses a loved one and takes on the responsibility of administering the estate. This course will review the types of estates, typical deadlines, and common assets clients will encounter during the administration process. This course will specifically focus on tax elections and IRS forms related to the taxpayer's death and is recommended for practitioners working with families after the death of a loved one.

This course pairs well with Form 1041 Basics for a thorough overview of both the administration process and the tax filing obligations.

Topics Covered:

  • Types of Estates and Typical Deadlines
  • Common Assets and Issues Related to Claiming Assets
  • Final Income Tax Return Preparation
  • Estate and Trust Income Tax Filing Obligations
  • Tax Forms, Basic Elections, and Potential Personal Liability to the Executor

Learning Objectives:

  • Differentiate between the types of estates and common deadlines associated with a decedent's estate
  • Recognize how to advise clients on tax reporting obligations for a decedent and the estate and how to correspond with the IRS on behalf of a decedent
  • Analyze the assets of the estate and identify proper techniques for claiming assets depending on titling and tax consequences
  • Identify the importance of properly administering an estate in light of potential transferred tax liability to the executor.

Credits and Other information:

  • Session Prerequisites and preparation: None
  • Session learning level: Basic
  • Location: Virtual/Online
  • Delivery method: Group Internet Based
  • NASBA Sponsor: 146439
  • IRS Course ID: PJGWS
  • Attendance Requirement:  Yes
  • Session Duration: 2 Hours
    • Case Studies and Live Q&A session with speaker
    • PowerPoint presentation for reference

Who Will Benefit:

  • CPA
  • Enrolled Agents (EAs)
  • Tax Professionals
  • Attorneys
  • Other Tax Preparers
  • Finance professionals
  • Financial planners

Coder Archives is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

Speaker Profile:

Klaralee Charlton is a Shareholder with Katz, Look & Onorato, P.C. where she practices fiduciary tax, estate administration, and business transactional law. As part of her practice, Ms. Charlton guides clients through the process of administering a loved one’s estate including the collection, valuation, management and transfer of assets including financial accounts, real estate, and business interests with a focus on minimizing estate and income tax liability. She also works closely with trustees of ongoing trusts to ensure compliance and prepares clients’ fiduciary income tax returns annually.

Klaralee has written and lectured on topics including estate and gift tax, fiduciary income tax reporting and U.S. regulations governing the valuation of small family businesses. She previously served as Chair of the Colorado Bar Association, Tax Section and President of the Greater Denver Tax Counsel Association.

She earned her J.D. from the University of Utah, S.J. Quinney College of Law, her LL.M. in Tax Law from the University of Denver, and her B.A. in political science from Bryn Mawr College. She is admitted to practice in both Colorado and Montana.

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